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Schlumberger seeks to monetize assets at production management unit


Schlumberger seeks to monetize assets at production management unitOilfield services provider Schlumberger NV said on Friday it was looking to monetize some assets in its production management business and was "fully expecting to engage" with interested parties over the next few quarters. Schlumberger Production Management (SPM), formed in 2011 to develop client assets as the oilfield services major looked to diversify its business, had $1.4 billion in revenue in 2016.





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